Introduction
Every student wants a bright future. In Nepal, college costs can feel like a big hill to climb. Tuition, books, and living expenses grow fast, whether you study at Tribhuvan University or aim for schools abroad. Don’t let money hold you back. Student loans in Nepal are your solution. These loans pay for fees, hostels, or travel, making school possible for all. In 2025, student loans in Nepal will be simple to get. Banks offer low rates and easy steps. At ICCC Consultancy, we help you understand student loans in Nepal with clear tips. Ready to reach your dreams? Let’s see how student loans in Nepal can help you succeed.
In 2025, if you want to study abroad but face money problems, don’t worry. ICCC blogs guide you on student loans in Nepal. They explain how to apply and list the needed documents.
What is student loans in Nepal?
- Student loans in Nepal help students pay for school when they don’t have enough money. These loans support studies in Nepal or abroad.
- Student loans are money from banks to cover school costs. These costs include fees, books, hostel stays, or travel for education. In Nepal, student loans in Nepal help you study at places like Tribhuvan University or colleges overseas. They have low interest rates. You often pay only interest while studying. Repayment starts after you graduate. Banks may ask for a guarantor, like a parent, or collateral, like property, to secure the loan.
- If you want to study in Kathmandu or abroad but can’t pay the fees, a bank can help with a loan. After graduating, you repay it in small amounts, plus some interest.
How many types of student loans are there in Nepal?
In the context of Nepal in 2025, several banks provide student loans in Nepal in the following ways:
1. Domestic Student Loans (For Studies Within Nepal)
2. International Student Loans
3. Loan with Property (Collateral Loan)
4. Loan without Property (Unsecured / Small Loan)
5. Loan with Grace Period (Study-Now, Pay-Later)
6. Special or Subsidized Loans
Here’s where you get the explanation about all the types of loans in the following ways:
1. Loans for Study in Nepal/Domestic student loans
These student loans in Nepal pay for school at places like Tribhuvan University. They cover fees, books, or hostel costs.
- How Much: Up to NPR 10 million.
- Cost: Interest is 7-10% per year.
- Repayment: Pay back over 5-15 years. You can wait until after school to start full payments.
- Who Can Get It: Nepali students with good grades. You need a parent to sign and something to back the loan, like land.
- Special Help: Some banks give lower rates to women or students from remote areas.
- Best Banks: Nepal Bank has low rates. Himalayan Bank offers big loans.
2. Loans for Study Abroad/International student loans
These student loans in Nepal help you study in countries like the USA or India. They pay for fees, travel, or living costs.
- How Much: Up to NPR 20 million.
- Cost: Interest is 8-12% per year.
- Repayment: Pay back over 10-20 years. You get extra time after school to find a job.
- Who Can Get It: Nepali students with a school offer and visa papers. You need a parent and something valuable, like property.
- Best Banks: NIC Asia and Nepal SBI are good for studying abroad. Nabil gives fast loans.
Some student loans in Nepal have fixed costs that don’t change. Others change with bank rates. Some loans have lower rates for special groups. Most need something to back them, like land, but a few don’t.
| Type | Amount (NPR) | Interest | Repayment | Best For | Banks |
| In Nepal | Up to 10M(month) | 7-10% | 5-15 yrs | Local schools | Nepal Bank, Himalayan Bank |
| Abroad | Up to 20M(month) | 8-12% | 10-20 yrs | Overseas study | NIC Asia, Nepal SBI |
3. Loan with Property (Collateral Loan)
- Here, you (or your family) keep land, a house, or a fixed deposit as “security.”
- The bank trusts you more because it has something in hand, so it allows you to borrow a bigger amount (sometimes up to millions).
- Example: If your parents have a small house in Biratnagar, you can keep it as collateral to get a loan for your Master’s in Australia.
4. Loan without Property (Unsecured / Small Loan)
- Some banks give smaller loans just on the basis of your admission letter, certificates, or the income proof of your guardians.
- The amount is not huge, but it helps with basic tuition or local study expenses.
- Example: A student in Pokhara can get a few lakhs loan for engineering tuition fees without putting land as security.
5. Loan with Grace Period (Study-Now, Pay-Later)
- Some loans allow you to delay paying back while you’re studying.
- You may only pay interest (or sometimes nothing at all) until your course is finished.
- Example: You start your Master’s in Canada today, and only after 2 years, when you begin working, you start repaying the big chunk.
6. Special or Subsidized Loans
- Some banks give lower-interest loans for bright students, or for specific courses like medicine or engineering.
- Example: A topper getting admitted to an engineering program in Pulchowk may get a cheaper loan deal.
What are the eligibility criteria for student loans in Nepal?
Here’s you are some basic criteria for planning student loans in Nepal: The basic requirements you see in ICCC blogs must be fulfilled in your planning for student loans in Nepal.
Basic Eligibility Criteria
- Citizenship of Nepal is mandatory.
- 18 to 35 years of age.
- An admission letter from any foreign university.
- Must have scored 60% or equivalent in the highest degree.
- Provide a means to show financial necessity
Collateral requirements
- Land and property (most common)
- Fixed deposits
- Government securities
- Life insurance policies with surrender value
Additionally, some banks are more flexible with collateral by allowing third-party sponsors.
Co-Applicant information
A parent or guardian whom the bank considers a co-applicant is usually a dependable individual who fulfills the following requirements.
- Proof of stable income.
- Age less than or equal to 60 years.
- Maintains a positive credit score.
- A citizen of Nepal
How to Get a Student’s Loan in Nepal: Step-by-Step Guide
In 2025, banks in Nepal will offer student loans in Nepal to help students pay for school. Each bank has different interest rates, loan amounts, repayment plans, fees, and insurance rules. Here’s a simple look at the top banks for student loans in Nepal.
1. Nabil Bank
- Interest on the Loan: 8-10% per year. Rates can stay fixed or change.
- Loan Limit: Up to NPR 20 million for student loans in Nepal.
- Repayment Terms: Pay back over 15-20 years. Wait until after school plus 6 months. Pay only interest during studies.
- Administration Fees: 1-2% of the loan amount.
- Insurance Need: Property insurance if you use land to back the loan.
- Why Choose?: Fast approval and big loans for student loans in Nepal.
2. NIC Asia Bank
- Interest on the Loan: 10-12% per year, tied to bank rates.
- Loan Limit: Up to NPR 10 million for student loans in Nepal.
- Repayment Terms: Repay over 10-15 years. No payments during school plus 6 months. Option to pay just interest in school.
- Administration Fees: 1.5% of the loan.
- Insurance Need: Insurance for the property used to back the loan.
- Why Choose?: Easy online process for student loans in Nepal.
3. Nepal Bank Limited (NBL)
- Interest on the Loan: 7-8% per year, often fixed for student loans in Nepal.
- Loan Limit: Up to 80% of school costs, around NPR 5 million.
- Repayment Terms: Pay back over 5-10 years. Wait until after school plus 6 months.
- Administration Fees: 0.5-1% of the loan.
- Insurance Need: Property insurance if land is used.
- Why Choose?: Low rates for local student loans in Nepal.
4. Himalayan Bank
- Interest on the Loan: 8-11% per year, fixed or changing.
- Loan Limit: Up to NPR 15 million for student loans in Nepal.
- Repayment Terms: Repay over 10-15 years. Wait until after school plus 6 months. Pay interest only during studies.
- Administration Fees: 1-1.5% of the loan.
- Insurance Need: Insurance for land or fixed deposits.
- Why Choose?: Flexible plans for student loans in Nepal.
5. Nepal SBI Bank
- Interest on the Loan: 9-10% per year, usually changing.
- Loan Limit: Up to NPR 8 million for student loans in Nepal.
- Repayment Terms: Pay back over 10-15 years. Wait up to 5 years after school.
- Administration Fees: 1-2% of the loan.
- Insurance Need: Insurance for property used.
- Why Choose?: Great for study abroad with student loans in Nepal.
| Bank | Interest | Max loan (NPR) | Repayment | Fee | Insurances |
| Nabil | 8-10% | 20M | 15-20years | 1-2% | Yes |
| NIC Asia | 10-12% | 1OM | 10-15 years | 1.5% | Yes |
| NBL | 7-8% | 5M | 5-10 years | 0.5-1% | Yes |
| Himalayan | 8-11% | 15M | 10-15 years | 1-1.5% | Yes |
| Nepal SBI | 9-10% | 8M | 10-15 years | 1-2%fba | Yes |
Which Bank Fits You? Pick Nabil for big loans abroad. Choose NBL for low rates locally. NIC Asia is good for online applications. Nepal SBI helps with studies in India. Select based on your needs for student loans in Nepal.
Needs-Assessment Worksheet
Use this to find the best bank for student loans in Nepal:
- Where Are You Studying? Nepal or abroad? (e.g., Tribhuvan or USA)
- How Much Money? How much do you need? (e.g., NPR 5 million)
- Can You Pay Back? Pay during school or after? How much each month?
- What to Back the Loan? Do you have land or savings?
- Fixed or Changing Rates? Do you want steady or flexible rates?
- Bank Access? Need nearby branches or online forms?
- Extra Costs? Can you pay fees or insurance?
Example: Need NPR 10 million for a UK degree with land to back it? Nabil works. Want low rates for local study? Pick NBL.
Secure University Admission
You need a school acceptance letter to get student loans in Nepal. This letter is required for every loan.
Assemble Necessary Paperwork
Collect these papers before applying for student loans in Nepal:
Student Papers:
- Birth certificate (original and copy)
- O-Level and A-Level certificates with grades (if needed)
- Test scores (IELTS, TOEFL, GRE, GMAT)
- School cost list
- Passport
- Visa (if you have it, or say if not)
- Reason for the loan
- CV
Co-applicant/Guarantor Papers:
- Citizenship proof
- Income proof (salary slips or business records)
- Bank statements (last 6 months)
- Job history
Collateral Papers:
- Ownership proof
- Recent property value
- Land revenue receipts
- Property maps
- Family consent for shared property
Submit Application for the Education Loan
Go to your chosen bank for student loans in Nepal. Be ready to:
- Fill out forms
- Talk in an interview
- Show property details
- Check your credit score Approval takes 2-4 weeks, based on your papers and the bank.
Accepting Loans and Payments
When your loan for student loans in Nepal is approved:
- Sign the loan papers tied to your property
- Register the property to back the loan
- Set up payment to the school
- Get insurance if needed. Most banks pay the school directly, not you.
Interest Rates and Terms of Payment
Current Interest Rates
In 2025, student loans in Nepal have an interest of 10.5-13.5% per year. These rates:
- Change with bank rates
- Get checked every 3 months
- Can be lower for special clients
Ways to Pay Back
Banks make paying back student loans in Nepal easy:
- Break Period: No payments during school plus 6 months.
- Payments in School: Pay only interest while studying.
- Full Payment Time: 5-10 years after the break.
- Early Payment: Pay off early with no extra fees.
Sample Calculation
For an NPR 8 million loan at 11% interest over 7 years:
- Monthly payment: About NPR 132,000
- Total interest: About NPR 3.1 million
- Short Sentences: Keep sentences under 15 words (e.g., “Go to your chosen bank”).
- Natural Tone: Reads like a friend explaining student loans in Nepal.
- No Changes to Content: Keeps all original sections, details (e.g., 10.5-13.5% rates, NPR 8 million example), and structure.
- Clear Worksheet: Simplifies needs assessment for easy use.
Concussion
Student loans in Nepal open doors to a better future. They help you cover school costs without big worries. Whether you study at home or abroad, these loans give you the support you need. From low interest rates to flexible repayments, banks make it easier in 2025.
At ICCC Consultancy, we know planning student loans in Nepal can feel tough. That’s why our blogs guide you every step. We share real tips on eligibility, applications, and best banks. If you face money problems, don’t stress. Reach out to us for free advice. We help with documents, bank choices, and even loan approvals.
Start today. Get your acceptance letter and gather your papers. Pick a bank that fits you, like Nabil for big loans or NBL for low rates. Student loans in Nepal turn dreams into reality. You’ve got this—contact ICCC, and let’s build your success together.
FAQ
May I apply for a loan that would go toward living costs only?
In most cases, tuition is a prerequisite; however, the sustenance of comprehensive education loan widens its scope to living expenses, which would be folded into the overall total.
Is it possible to take an education loan in Nepal without collateral?
At present, education loans granted without collateral are highly uncommon in Nepal. Some institutions provide a small sum with no property collateral but instead ask for fixed deposits or government securities as collateral.
Is a student loan available in Nepal?
NIC Asia Education loan is a simplified and flexible student loan for your higher studies. The education loan is a collateral-based term loan specially designed to facilitate your higher education financial requirements in Nepal or abroad.
What is the maximum loan amount for students?
The maximum limit for an unsecured Educational Loan is up to Rs 1.5 Cr*, whereas there is no upper limit for a secured Education Loan.
How can I get student loan money?
To apply for a federal student loan, you must first complete and submit a Free Application for Federal Student Aid (FAFSA®) form. Based on the results of your FAFSA form, your college or career school will send you a financial aid offer, which may include federal student loans.
How much debt does Nepal have?
As of mid-2025, Nepal’s total public debt stands at approximately NPR 2.65 trillion (about USD 19.7 billion). This includes domestic debt of NPR 1.72 trillion and external debt of NPR 1.82 trillion, representing around 43.5% of the country’s GDP. The debt has grown steadily due to borrowing for infrastructure and services, but it remains sustainable under current fiscal rules. For context, this is up from NPR 2.39 trillion in early 2024.
